El Callao outlines gold zone in Venezuela
Drilling on the Venezuelan property known as Lo Increible is outlining a second zone of gold mineralization for El Callao Mining (VSE).The company, which is earning up to a 70% interest in the propert…
News
LETTER TO THE EDITOR — Great Lakes puts foot in mouth
In the article “Geomaque resists merger” (T.N.M. May 12/95), Great Lakes Minerals Chairman John McBride refers to information in Geomaque’s letter to shareholders dated June 5, 1995, as “a lot of bunk…
Homestake eyes gold in Eastern Europe
Mining giant Homestake Mining (NYSE) has reached an agreement whereby it can acquire a sizable chunk of the Chelopech gold-copper mine 75 km east of Sofia, Bulgaria.The company will buy 6 million newl…
New Horizons — Diamonds in California
Although California has been one of the most productive regions in North America for diamonds, the region does not fit any classical exploration model for diamondiferous kimberlite or lamproite.The st…
Avalon steps up exploration efforts
With ground next to one company’s past failure and another’s recent bonanza, newly revived junior Avalon Ventures (TSE) is preparing for a busy exploration season in 1995.Avalon recently entered into …
Heap-leach test is planned for Cumaral property
CDN-listed Aronos Multinational plans to perform a heap-leach test on placer material from its Cumaral gold-silver project in northern Mexico.Situated 85 km from Hermosillo, the deposit contains fine …
Kinbauri Gold expands ground in Burkina Faso
Junior explorer Kinbauri Gold (CDN) is expanding its presence in the West African nation of Burkina Faso.An agreement with two Montreal-listed companies, Loubel Explorations and Melkior Resources, cal…
Nebex steps up efforts in Albania
Seven copper-zinc-gold targets have been identified on one of two Albanian mining concessions recently obtained by Nebex Resources (ASE).President Brian Douglas says two immediate drill targets have b…
St. Andrew announces restructuring
Creditors and shareholders of St. Andrew Goldfields (TSE) have approved a restructuring which enables the company to issue shares as payment of unsecured liabilities.The company is now seeking final a…
Hecla buys kaolin mine in S. Carolina
Silver-producer Hecla Mining (NYSE) has bought a kaolin mine and processing facility from J.M. Huber, a private company.Situated in Langley, S.C., 15 miles from the company’s Aiken operation, the faci…
Gold Funds (June 19, 1995)
Gold Funds as of June 13BGRCentralNet Value$17.54$6.74Price$14.13$7.00Discount19.49%Premium3.9%Value$137,163,000$126,695,100…
NEWS IN BRIEF (June 19, 1995)
Manor Resources (MNO: ASE) has changed its name to American Manor (ANO:ASE) on a 1-new-for-10-old-share basis.